expansion projects of the subsidiaries. 4.Share of profit on investment in associated company decreased by Baht 3.25 million or 30.63% Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director

rates decreased. 4. Share of profit on investment in associated company decreased by Baht 1.67 million or 14.85% . Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director

. Somkiat Vongsarojana) Managing Director As the Planner

associated company decreased by Baht 3.45 million or 7.34 % Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director  

หนา้ 1 จาก 1 Translation May 13, 2020 Subject: Management explanation and analysis for Year ended 31 March 2020 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public Company

, Boondee Amnuayskul (Mr. Boondee Amnuayskul) Chief Executive Officer and Managing Director

information to the investors. Yours sincerely, (Mr. Somboon Fusriboon) Managing Director

product management resulting in increased sales and reduced cost of sales Yours Sincerely, Mr. Perapol Suwannapasri Managing Director

informed accordingly. Yours sincerely, (Mr.Domdej Sripinproach) Managing Director

. Nipon Leelasithorn ) Chairman of the Executive Director, and Managing Director